DeFi Technologies Inc. Q1 FY2024 Earnings Call

· Earnings call transcript and AI-powered summary

Q1 2024 Financial Highlights (vs. Prior Periods)

  • Cash Balance: $9.4 million as of March 31, 2024, up from $6.7 million as of December 31, 2023.
  • Venture Portfolio Investments: Valued at $41.8 million as of March 31, 2024.
  • Assets Under Management (AUM): $908 million as of March 31, 2024, up 78.7% from $508 million as of December 31, 2023 (primarily from new product launches and digital asset price recovery).
  • Operating Revenues: $13.4 million for Q1 2024, a significant improvement from $3.6 million in Q1 2023.
  • Total Revenues: $4.9 million for Q1 2024, down from $11.3 million in Q1 2023.
  • Operating General & Administration Costs: $3.3 million for Q1 2024, up from $2.1 million in Q1 2023.
  • 2024 Annualized Operating Revenue Forecast: Approximately $119 million (USD ~90 million), driven by AUM growth; company noted 800% AUM increase from late 2022 market lows.

AUM, Trading & Revenue Outlook

  • Valour AUM at ~$908 million with daily trading volumes exceeding $20 million; net inflows nearly every trading day.
  • Forecast: At BTC ~$100k and SOL ~$225, AUM could reach ~USD 1.35 billion (under CAD 2 billion); potential yields of 8-9% (or higher with staking on Core network), implying ~USD 135 million in revenues at 10% yield.

Continue Reading

Unlock the full AI-powered summary with key highlights, financial performance, and analyst Q&A.

Upgrade to Professional
Jamie Frawley: Thank you for joining us today. My name is Jamie Frawley, Vice President at irlabs and it's my pleasure to moderate this webinar on behalf of DeFi Technologies. We're here and fortunate to have Olivier Roussy Newton, CEO and Director; and Russell Starr, Head of Capital Markets on the panel today, and I'll turn it over to them shortly to present a review of the Q1 financials. [Operator Instructions] And before I turn it over to Olivier and Russell, I'd like to remind everyone that certain statements made during today's presentation may contain forward-looking information within the meaning of applicable securities laws. Such statements may include estimates, projections, goals, forecasts or assumptions that are based on current expectations and are not representative of historical facts or information. We want to be clear that such forward-looking statements represent the company's beliefs about future events, plans or objectives, which are inherently uncertain and are subject to numerous risks and uncertainties that may cause the actual results, performance... Russell Starr: Jamie? Jamie Frawley: Yes. Russell Starr: There's someone on the screen that claims they're me. They're not me, just so you can see it. They just dropped off. I don't know who it was. Jamie Frawley: Okay. Thank you. And with that, I'm going to turn it over to Oli to kick us off. Over to you, Oli. Olivier Roussy Newton: Thanks. Thanks, Jamie, and thanks, everyone, for tuning into our Q1 fina

Continue Reading

Unlock the full earnings call transcript with speaker labels and formatted dialogue.

Upgrade to Professional